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KeyCorp sets dividends, annual shareholder meeting

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Published Jan 10, 2024 04:53PM ET

KeyCorp sets dividends, annual shareholder meeting © Reuters.

CLEVELAND – KeyCorp (NYSE: NYSE:), a major player in the financial services sector, has declared its first-quarter dividends for 2024 across a range of its stock categories. Common shareholders are set to receive a dividend of $0.205 per share, payable on March 15, 2024, with a record date of February 27, 2024. Additionally, dividends have been announced for several series of the corporation’s preferred stock, all payable on the same date to holders recorded by February 29, 2024.

The dividends for the preferred stocks are as follows: Series D preferred stock will receive $312.50 per share, Series E preferred stock will receive $15.3125 per share, Series F preferred stock will receive $14.1250 per share, Series G preferred stock will receive $14.0625 per share, and Series H preferred stock will receive $15.50 per share. These dividends cover the period from December 15, 2023, to March 15, 2024.

In corporate governance matters, KeyCorp has also announced that its 2024 Annual Meeting of Shareholders is scheduled for Thursday, May 9, 2024. This meeting will be a key event for the company, providing shareholders with insights into the corporation’s performance and strategic direction.

KeyCorp, with a history stretching back nearly two centuries, is headquartered in Cleveland, Ohio. As of September 30, 2023, the company boasted assets of approximately $188 billion. KeyCorp operates under the KeyBank National Association brand, offering a variety of financial services including deposit, lending, cash management, and investment services through an extensive network of branches and ATMs. KeyBanc Capital Markets, the company’s corporate and investment banking arm, delivers a suite of advanced services to middle market companies across the United States.

This announcement is based on a press release statement and reflects the company’s commitment to providing shareholder value through regular dividend payments.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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